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Property profile & analytics
OFF-MARKET
Estimated value
$3,230,000
Showrooms
2500 8th St, Odessa, TX 79761-4904
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US82-4627048
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1977
Total area
17,592 SF
Lot
2.27 ac (99,055 SF)
Zoning code
EE3
APN
06000.00040.00000
UPID
US82-4627048
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Rockin' S Accessories Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.42M
Comparable Approach
Comparable
$3.04M
Blend (final)
Blend
$3.23M
Owner & transaction history
Tres Legado Land Co LP · 10 yrs held
Tres Legado Land Co LP
since 2016
6 recorded transactions
Zoning & alternative use
EE3 · Odessa, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$3.0M
+52.5%
Restaurant
$2.3M
+17.0%
Auto repair, garage
$2.2M
+11.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Odessa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Odessa submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,700,000
6.5%
$3,415,000
7%
$3,175,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,940,000
Current use
OFFICE BUILDING
$2,960,000
Change: +52% · Conversion: Easy
RESTAURANT
$2,270,000
Change: +17% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,175,000
Change: +12% · Conversion: Difficult
Blend value · Realmo final
$3.23M
Range $2.91M – $3.55M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$184 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$25,135
Tax year 2023
Assessed value
$1,192,272
Assessed 2023
Previous assessed
$1,192,272
+0.0% YoY
Effective rate
2.11%
On assessed value
Assessed land
$288,300
Assessed improvement
$903,972
Land market value
$288,300
Improvement market value
$903,972
Total market value
$1,192,272
Applied tax rate
7.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1977
Heating
NONE
Buildings
3
Stories
1
Total area
17,592 SF
Lot
2.27 ac (99,055 SF)
Zoning code
EE3
APN
06000.00040.00000
UPID
US82-4627048
Jurisdiction
ECTOR
Zoning & alternative use
EE3 · Odessa, TX
Zoning EE3 · permitted uses
EE3 · Odessa, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Odessa. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.9M
OFFICE BUILDING
Est. value
$3.0M
RESTAURANT
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1977
Heating
NONE
Stories
1
Buildings
3
Lot
2.27 ac
Current owner
From public records · entity-resolved
Tres Legado Land Co LP
Entity
Mailing address
PO BOX 3432, ODESSA, TX 79760-3432
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2016
—
Tres Legado Land Co LP
Sewell,ronald R
Quit Claim Deed
related
$25,594,280 · Ford Motor Credit
Sep 9, 2011
—
Ronald R Sewell
—
Loan Modification
related
$1,876,316 · Western National Bank
—
—
Sewell Family Of Companies INC
—
Loan Modification
related
$670,733 · Western National Bank
—
—
Ronald R Sewell
—
Deed Of Trust
related
$2,000,000 · Frost Bk
—
—
Ronald R Sewell
—
Loan Modification
related
$655,703 · Western National Bank
—
—
Ronald R Sewell
—
Loan Modification
related
$703,303 · Western National Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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